Latest Realty News

After a lacklustre first half, home sales across the top six cities in the country are expected to rise 26 per cent in the second half of 2014 compared to a year ago, according to a research report by property advisory firm Knight Frank

The Confederation of Real Estate Developers of India (Credai) said the property market across the metros in the country was looking up and it expects good absorption in residential property in the next 6-9 months

For long, Mumbai and Delhi-NCR have always given property buyers the best capital value appreciation. After the downturn years, however, it's the IT-led cities of Bangalore and Pune that have surged ahead in capital appreciation in residential properties

With the rise in urbanization, many people in India now rush towards urban areas to settle down. And as such, property rates in major Indian cities are witnessing sharp rise between June 2012 and May 2014, according to data by real estate firm research firm PropEquity.

Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the matter said. Last year, realty funds managed to mop up close to $370 million from international markets, data from VCCEdge shows. Among the key realty funds that are in the market for money include Red Fort Capital, ASK Group, HDFC Property Fund and JP Morgan, these people said.

MUMBAI: The 2014-15 budget is both positive and promising that focuses on reviving the sentiment of property buyers and investors and promoting investment with a view to give fillip to construction and housing sector, a significant contributor to GDP.

DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.

BANGALORE: Karnataka government will soon bring about a much-awaited reforms in revenue related issues mainly to check fraudulent land deals, illegal formation of layouts and corruption in sub-registrar offices.

MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.

MUMBAI: The first Mumbai-Ahmedabad high-speed train proposal may get a push in the new government’s maiden rail Budget considering PM Narendra Modi’s promise of a diamond quadrilateral of bullet trains to connect the four major cities of Mumbai, Delhi, Kolkata and Chennai.

MUMBAI: The Supreme Court on July 7 did not agree with the BMC that residents of unauthorized flats in Worli’s Campa Cola Compound have committed contempt of court by not vacating their residential units in disregard of the SC’s February 27 judgment.

DELHI: Okhla bird sanctuary was notified in 1990. Builders got land and sanctions post-2006. People bought flats, investing their life’s savings, only to realize at the last minute that the projects in Noida won’t get a completion certificate because of a recent NGT ruling marking as eco-sensitive the area around a 10-km radius of the sanctuary. The ball is now in the court of the UP govt and the MoEF. As buyers fret, TOI traces the genesis of the crisis that has affected thousands of people.

DELHI: In a boost to the finances of the Greater Noida Industrial Development Authority (GNIDA), 26 builders on July 7 qualified in the financial bids for 9 of the 11 group housing plots on offer in Greater Noida. The bids made the authority richer by over Rs 61 crore. Bids of two developers were rejected after scrutiny of their technical papers, said GNIDA officials.

KOLKATA: The spurt in construction of buildings in Kolkata is a timely opportunity to start the transformation of the city’s economy from a high carbon path to a sustainable low carbon one, feels British junior minister (energy and climate change) Sandeep Verma.

DELHI: The real estate sector happens to be one of the very important sectors for the overall growth of the economy. Since the new government, led by Prime Minister Narendra Modi, has taken a pragmatic view of providing housing to all by 2020, it becomes very important that certain amendments are made in the law for the real estate sector.

DELHI: More than 400 investors from Delhi and NCR, who had booked flats in a Gurgaon housing project and deposited 25% of the cost upfront, are demanding investigation into what they call a multi-crore fraud because the developer had allegedly sold off the project land.